Training Software suits securities industry professionals.
Press Release Summary:
Web-based netCEPSM provides individuals and member firms with secure, on-demand Internet access to library of instructional materials for regulatory element preparation, firm element planning, as well as general rule, product, and compliance training. Desktop access to multi-media library and Learning Management System lets users update knowledge on rules governing practice areas. Scenario library is continuously updated to reflect current industry regulations.
Original Press Release:
NYSE Regulation Announces Web-Based Tool for Continuing Education and Training of Securities Industry Professionals
NEW YORK, Feb. 7 /-- New York Stock Exchange Regulation, on behalf of The Securities Industry/Regulatory Council on Continuing Education, today announced the launch of netCEP(SM), a web-based application that brings increased efficiency and ease to continuing education and general training. To announce the availability of netCEP(SM), NYSE Regulation -- a member of the Council -- has issued netCEP(SM) demonstration CDs to all NYSE Members and Member Firms.
netCEP(SM) provides both individuals and Member Firms secure, on-demand, Internet access to a library of instructional materials that serve as a resource for Regulatory Element preparation, Firm Element planning and general rule, product and compliance training.
The two elements are parts of the Securities Industry Continuing Education Program. The Regulatory Element training is continuously updated as regulatory issues, financial products and trading strategies evolve. The Firm Element is designed and administered by Firms in order to keep registered personnel current on job- and product-related developments.
The netCEP(SM) scenario library includes materials from the S201 Supervisors Program for registered principals and supervisors, the S106 Investment Company Representatives Program for Series 6 registered persons, and the S101 General Program for Series 7 registered persons, and all other registration categories.
With desktop access to the multi-media scenario library and Learning Management System, securities-industry professionals can update their knowledge on rules governing a wide range of practice areas. These subjects include suitability and sales practices, breakpoints, options, public communications, proper handling of customer accounts, business conduct, and trade and settlement practices. The material in the scenario library is continuously updated to reflect current industry regulations.
An individual can subscribe at a cost of $25 per year and access netCEP(SM) on their own to prepare for a required Regulatory Element session, or for personal training and development.
Under recent rule changes, all registered persons who were previously exempt from the Regulatory Element Program due to a grandfathered or graduated status are now required to participate in the Regulatory Element Continuing Education Program.
When deployed across a Member Firm, netCEP(SM) offers the Learning Management System (LMS) that includes training-management tools and reports. A firm-designated administrator can use the LMS to select and assign specific scenarios for individuals or groups. The system also can create and manage lesson plans to focus on specific topics, and package and deliver a firm's customized training.
The LMS also tracks completion and scoring results of assignments, and generates reports to meet books-and-records requirements. The cost for firms ranges between $7.50 and $25.00, depending on the number of individuals and services selected.
For more detailed information about netCEP(SM), including technical specifications, requirements and costs, or to access a scenario from each program on a trial basis, please visit: http://netceponline.com/.
For more information about The Securities Industry/Regulatory Council on Continuing Education or Regulatory and Firm Element requirements, please visit: http://www.securitiescep.com/.
For more information about NYSE Regulations, please visit: http://www.nyseregulation.com/.
CONTACT: Brendan Intindola, +1-212-656-4236, for NYSE Regulation
